Half-Year Report 2021

Portfolio Information

Vonovia manages its own real estate portfolio with a market value of € 63.1 billion as of June 30, 2021. The vast majority of our apartments are located in regions with positive economic and demographic development prospects.

Portfolio Structure

 

Fair value*

 

 

June 30, 2021

(in € million)

(in €/m2)

Residential units

Vacancy
(in %)

In-place rent
(in €/m
2)**

 

 

 

 

 

 

Strategic

46,816.9

2,245

327,926

2.5

7.07

Operate

15,815.6

2,221

107,182

2.6

7.45

Invest

31,001.3

2,257

220,744

2.5

6.89

Recurring Sales

4,065.4

2,398

24,857

2.8

7.20

Non-core Disposals

174.3

1,325

1,148

11.7

7.88

Vonovia Germany

51,056.6

2,251

353,931

2.6

7.09

Vonovia Sweden

6,852.8

2,300

38,371

2.5

10.32

Vonovia Austria

2,844.9

1,603

21,766

4.9

4.82

Total

60,754.3

2,215

414,068

2.7

7.29

*

Fair value of the developed land excluding € 2.345,1 million, of which € 693,6 million for undeveloped land and inheritable building rights granted, € 468,5 million for assets under construction, € 855,2 million for development and € 327,8 million for other.

**

Shown based on the country-specific definition.

In order to boost transparency in portfolio presentation, we also break our portfolio down into 15 regional markets. These markets are core towns/cities and their surroundings, mainly urban areas. Our decision to focus on the regional markets that are particularly relevant to Vonovia is our way of looking ahead to the future and provides an overview of our strategic core portfolio in Germany.

Breakdown of Strategic Housing Stock by Regional Market

 

Fair value*

 

 

June 30, 2021

(in € million)

(in €/m2)

Residential units

Vacancy
(in %)

In-place rent
(in €/m
2)**

 

 

 

 

 

 

Regional market

 

 

 

 

 

Berlin

8,257.2

2,888

43,394

1.3

7.03

Rhine Main Area

5,335.5

3,023

27,148

1.8

8.71

Southern Ruhr Area

4,969.2

1,848

43,051

3.2

6.56

Dresden

4,496.8

1,962

38,464

3.8

6.41

Rhineland

4,469.1

2,318

28,282

2.4

7.55

Hamburg

3,306.4

2,591

19,668

1.7

7.55

Kiel

2,762.8

1,935

24,262

2.2

6.73

Munich

2,559.1

3,911

9,689

1.2

8.58

Stuttgart

2,369.9

2,728

13,592

1.8

8.29

Hanover

2,224.4

2,138

16,145

2.4

7.02

Northern Ruhr Area

1,958.6

1,261

24,902

3.0

6.07

Bremen

1,418.0

1,928

11,837

3.3

6.18

Leipzig

1,154.5

1,881

9,040

3.6

6.27

Westphalia

1,099.8

1,761

9,454

3.2

6.63

Freiburg

757.5

2,717

4,037

1.1

7.84

Other strategic locations

3,318.3

1,936

26,549

2.9

7.15

Total strategic locations Germany

50,457.1

2,261

349,514

2.5

7.09

*

Fair value of the developed land excluding € 2,345.1 million, of which € 693.6 million for undeveloped land and inheritable building rights granted, € 468.5 million for assets under construction, € 855.2 million for development and € 327.8 million for other.

**

Based on the country-specific definition.

Total Housing Stock Vonovia (Map)